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While many government agencies are struggling because of the economy, the
Bartlett Park District is holding its own financially, according to results
from an annual financial audit for fiscal year 2009-10.
During Sept. 14’s committee workshop, the Park District’s attorney Steve
Adams said the entity increased its net assets by $1 million in 2009-10 by
reducing its long-term debt. In addition to reducing liability,
Superintendent of Business Services Susan Leninger said the growth in assets
also can be attributed to park development.
“We were able to maintain assets at a very stagnant level,” Adams said.
The Park District’s general fund had a balance of $2.75 million, and more
than $500,000 was added to the entity’s overall financial picture.
Adams said the general fund was budgeted with a net balance change of about
$250,000, but finished ahead of projections. Leninger said the Park District
actually came in $34,000 above what was originally budgeted.
“There were four big items that lended to that,” Leninger said. “We got more
in property tax than what we thought we were going to be getting, a little
bit less in salaries, less in expenditures and a little less in utilities
and maintenance repairs.”
However, the Park District’s recreation fund saw a deficit of nearly
$131,000. The Park District transferred money from its general fund to cover
the deficit, which was attributed to the economy.
“All (the Park Districts I work for) are facing downturns in programs during
these economic times,” Adams said. “The nice thing that a Park District has
the ability to do is react to that and reduce costs, because you can
eliminate programs that aren’t profitable.”
ADA transition plan
At last week’s meeting, the Park District also unanimously approved its
Americans with Disabilities Act transition plan.
Park District Executive Director Rita Fletcher said Recreation Accessibility
Consultants were hired in April to complete an ADA transitional plan. After
an audit was completed by the consultants, the plan was broken into three
phases to be completed in three fiscal years beginning in 2011 and ending by
2014.
According to Recreation Accessibility Consultants, the project is expected
to cost $530,052 and include ADA changes to employee work areas, parking and
recreation environments.
“We had the audit, and we knew about the things that needed to be done but
this is a logical step in how we’re going to do this and how much it’s going
to cost,” Commissioner Steve Eckleberry said.
While many government agencies are struggling because of the economy, the
Bartlett Park District is holding its own financially, according to results
from an annual financial audit for fiscal year 2009-10.
During Sept. 14’s committee workshop, the Park District’s attorney Steve
Adams said the entity increased its net assets by $1 million in 2009-10 by
reducing its long-term debt. In addition to reducing liability,
Superintendent of Business Services Susan Leninger said the growth in assets
also can be attributed to park development.
“We were able to maintain assets at a very stagnant level,” Adams said.
The Park District’s general fund had a balance of $2.75 million, and more
than $500,000 was added to the entity’s overall financial picture.
Adams said the general fund was budgeted with a net balance change of about
$250,000, but finished ahead of projections. Leninger said the Park District
actually came in $34,000 above what was originally budgeted.
“There were four big items that lended to that,” Leninger said. “We got more
in property tax than what we thought we were going to be getting, a little
bit less in salaries, less in expenditures and a little less in utilities
and maintenance repairs.”
However, the Park District’s recreation fund saw a deficit of nearly
$131,000. The Park District transferred money from its general fund to cover
the deficit, which was attributed to the economy.
“All (the Park Districts I work for) are facing downturns in programs during
these economic times,” Adams said. “The nice thing that a Park District has
the ability to do is react to that and reduce costs, because you can
eliminate programs that aren’t profitable.”
ADA transition plan
At last week’s meeting, the Park District also unanimously approved its
Americans with Disabilities Act transition plan.
Park District Executive Director Rita Fletcher said Recreation Accessibility
Consultants were hired in April to complete an ADA transitional plan. After
an audit was completed by the consultants, the plan was broken into three
phases to be completed in three fiscal years beginning in 2011 and ending by
2014.
According to Recreation Accessibility Consultants, the project is expected
to cost $530,052 and include ADA changes to employee work areas, parking and
recreation environments.
“We had the audit, and we knew about the things that needed to be done but
this is a logical step in how we’re going to do this and how much it’s going
to cost,” Commissioner Steve Eckleberry said.
